Wellington Management Group LLP Reduces Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wellington Management Group LLP decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 15.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,096 shares of the transportation company's stock after selling 44,792 shares during the quarter. Wellington Management Group LLP owned 0.24% of J.B. Hunt Transport Services worth $41,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock worth $581,567,000 after buying an additional 22,563 shares during the period. State Street Corp raised its position in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock worth $566,944,000 after purchasing an additional 19,826 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock worth $269,611,000 after purchasing an additional 105,500 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of J.B. Hunt Transport Services by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock worth $231,416,000 after buying an additional 5,179 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after acquiring an additional 193,684 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stephens reaffirmed an "overweight" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Loop Capital raised their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Finally, TD Cowen boosted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.11.

J.B. Hunt Transport Services Stock Up 0.4 %

Shares of NASDAQ JBHT traded up $0.73 during mid-day trading on Thursday, reaching $182.74. 377,513 shares of the company were exchanged, compared to its average volume of 856,196. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The firm has a 50-day moving average of $180.79 and a 200 day moving average of $170.75. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.88 and a beta of 1.15. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.94%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.27%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares of the company's stock, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.